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Remingtons Financial Woes


.270 WIN
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PostPosted: Thu Jun 11, 2015 7:00 pm
Read on another forum that Remington is currently having big financial problems. Info came from news article in N.Y. Times from May 5th or 6th. Article mentions the acquisition of Marlin as a questionable move. Hate to hear of this bad news as we already lost the plants of Winchester and Marlin years back. Guess Winchesters being made by FN, Miroku, and others who have bought rights to the name. With Colt hanging by a thread it would be awful to lose Americas oldest gun maker and a favorite of mine and millions of others. Has anyone heard of any news pertaining to the financial problems recently?
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PostPosted: Fri Jun 12, 2015 12:11 pm
Heard about Colt...Remington...and Marlin.

Seems the writing is on the wall for the American Firearm Manufacturing Industry...

Damn shame...
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.270 WIN
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PostPosted: Fri Jun 12, 2015 4:44 pm
Damn shame is right Shooter. I heard that Remington profits dropped last year but did not know things were dire. I did also hear that profits were up as much as 33% for Smith and Wesson and Ruger for 2013. Lets hope things improve.
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.270 WIN
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PostPosted: Fri Jun 12, 2015 7:30 pm
Not to be the bearer of more bad tidings, but I saw more news of disturbing and disruptive activities at Remington:

http://bearingarms.com/Remington-announ ... ampaign=nl
-Ed-

"If you take out the killings, Washington actually has a very, very low crime rate." -- Marion Barry, Former Mayor of Washington, DC

.270 WIN
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PostPosted: Sun Jun 14, 2015 12:44 pm
Read yesterday that the the trigger recall, being sued by families of the Newtown disaster, acquisition of Marlin did not help any along with last years slumping sales.
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.22LR
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PostPosted: Thu Jun 18, 2015 4:57 pm
I understand the Custom Shop s being reloaded to Dakota Arms too.

Bob
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.270 WIN
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PostPosted: Sun Jun 21, 2015 6:55 pm
Hi, Bob. Please tell me your source for this info. I've not seen anything about this on the Colt Forum. Anyways?
-Ed-

"If you take out the killings, Washington actually has a very, very low crime rate." -- Marion Barry, Former Mayor of Washington, DC

.22LR
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PostPosted: Mon Jun 22, 2015 3:54 pm
mauser9 wrote:Read on another forum that Remington is currently having big financial problems. Info came from news article in N.Y. Times from May 5th or 6th. Article mentions the acquisition of Marlin as a questionable move. Hate to hear of this bad news as we already lost the plants of Winchester and Marlin years back. Guess Winchesters being made by FN, Miroku, and others who have bought rights to the name. With Colt hanging by a thread it would be awful to lose Americas oldest gun maker and a favorite of mine and millions of others. Has anyone heard of any news pertaining to the financial problems recently?

Maybe Freedom Group will buy out Colt! Colts already so screwed up that no body will know the difference. At least Remington has tried to show some innovation, they have pretty much all been disasters but that's all on Management. The main reason for shoddy products, bad QC and miserable CS is bad management, which always leads to employees that just don't care anymore, a by-product of Freedom Group leadership. Colt on the other hand has produced no innovative products in the last 40 to 50 years! They killed off all the revolvers, moved the SAA to the Custom Shop, where they are hugely expensive and now they have lost the M-4 contract to FN Herstal. They have never paid much attention to the buying public and what it might be interested in. No striker fired guns, no new revolvers, no polymer semi-autos, just "good ol' 1911s. I really don't believe they even have any "designers on staff, so they circle the drain.
Well that's about enough of this rant. Two formerly great firearm manufacturers that couldn't find their ass with either hand! Too Bad!!! :!:
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.410
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PostPosted: Tue Jun 23, 2015 1:55 am
mauser9 wrote:Damn shame is right Shooter. I heard that Remington profits dropped last year but did not know things were dire. I did also hear that profits were up as much as 33% for Smith and Wesson and Ruger for 2013. Lets hope things improve.

What do you expect with the R51 fiasco?

If they get it up and running soon, along with a reliable RM380, they might have a chance

.22LR
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PostPosted: Wed Sep 30, 2015 9:19 am
It appears the good ship Remington is still adrift. Yesterday I purchased a promotional 700ADL rifle/scope package that included a $35 rebate. I go to the remington.com/rebates and click on the category link which takes me to a page with a link saying 'Download Rebate Form.' The problem is that doesn't download anything. It just brings up another webpage containing an image of the rebate form. The form is only printable in a size that would make filling it out virtually impossible. If it’s enlarged then it won't print on a single page. I use FireFox and thought perhaps it was browser-specific so I tried Internet Explorer with the same result. Eventually I printed out the two page version, chopped off the extras and taped them together to make a single page I could work with.

Being a responsible person I thought to alert Remington to this problem so I opened a ticket describing the issue. Their response was to tell me to call the rebate center. Obviously attitudes like that aren’t helping the Remington image. Why should the customer waste their time?

Yeah, I’m the dude who purchased a new Remington M750 with a receiver so poorly machined the top of the receiver and the barrel were pointing in different directions. When I sent it back the ‘repair’ consisted of bending the barrel, a technique oft used on shotguns but otherwise only on rare and irreplaceable rifles. Does it work? Yes. Would I trust it? No way! It was defective product that Remington should have replaced. That attitude is why the company has gotten itself in trouble and nothing, it seems, has changed since the management shake-up.

(Since I’d never shot a rifle in .243 Winchester I thought it’d be fun to try it out. When I cleaned it I was horrified. Not only was the bore thick with grunge the chamber showed evidence of rust. Not that it matters. The only reason I bought the rifle was because my gunsmith likes the 700 action for long-range benchrest guns. The rest goes in the recycle bin. It was still a great deal as I got it for less than the street price of a stripped action and got a spare riflescope to boot.)
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